Percorso:ANSA > Nuova Europa > Transport > Daimler, Volvo in 1.2-bn-euro deal to make hydrogen batterie
Daimler, Volvo in 1.2-bn-euro deal to make hydrogen batterie
Push to wean vehicles from fossil fuels
21 April, 11:42
(ANSA-AFP) - FRANKFURT AM MAIN, 21 APR - German automobile
giant Daimler said Tuesday it was partnering with Geely-owned
Volvo to make hydrogen batteries for trucks, as car giants
accelerate a push to wean vehicles from fossil fuels. The joint
venture between the two, valued at 1.2 billion euros ($1.3
billion), is "a milestone in bringing fuel cell powered trucks
and buses onto our roads," said Daimler Truck chairman Martin
Daum. "By forming this joint venture, we are clearly showing
that we believe in hydrogen fuel cells for commercial vehicles,"
added Martin Lundstedt, chief executive of Volvo, which is fully
owned by China-based Geely. (ANSA-AFP).
© Copyright ANSA - All rights reserved
